Assistant Vice President, First Line Risk and - London, United Kingdom - MUFG

MUFG
MUFG
Verified Company
London, United Kingdom

4 weeks ago

Tom O´Connor

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Tom O´Connor

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Description
Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 6th largest financial group in the world. Across the globe, we're 160,000 colleagues, striving to make a difference for every client, organization, and community we serve.

We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.


With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility.

This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups.

Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with around 2,300 offices in over 50 countries including the Americas, Europe, the Middle East and Africa, Asia and Oceania, and East Asia.

The group has over 150,000 employees, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.


As one of the top financial groups globally with a vison to be the world's most trusted, we want to attract, nurture and retain the most talented individuals in the market.

The size and range of MUFG's global business creates opportunities for our employees to stretch themselves and reap the rewards, whilst our common values, to behave with integrity and responsibility, and to build a culture which is fair, transparent, and honest, underpin everything that we do.

We aim to be the financial partner of choice for our clients, whatever their requirements, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

MUFG's shares trade on the Tokyo, Nagoya, and New York (


NYSE:
MTU) stock exchanges.

The group's operating companies include, but are not limited to, Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking (Japan's leading trust bank), Mitsubishi UFJ Securities Holdings (one of Japan's largest securities firms), and MUFG Americas Holdings.

First Line Risk & Control Team

First Line Risk & Control Team is part of the Operations Risk & Control pillar within the Operations division.


Operations Risk & Control's purpose is to equip the Product Service pillars in Operations with a dedicated, pre-emptive first line control function which will enable Operations to meet internal and external (including regulatory) obligations.


First Line Risk & Control Team's role is to provide dedicated risk & control oversight to product service pillars and execute the central control assurance function by driving the control agenda, sponsoring control themes across pillars, delivering control MI / risk reporting, owning control framework.


MAIN PURPOSE OF THE ROLE
Risk & Control Specialist


This role is to act as an independent control function ensuring first line effective control oversight of the Market & Securities Operations Services Pillar activities through pre-emptive monitoring and continuous risk assessment.

Focus of this hire will be to have good knowledge and oversight to be able to provide Operational Control Oversight for key KRI's and KPI's for Market Product Services - have a good understanding of Securities and Derivative trades life cycle events, collateral funding for Derivative and Securities products, and understanding of operational requirement to support Settlement pre-matching for Fixed Income and equity products.


Processing areas coverage:

  • Derivatives Trade Support
  • Confirmations
  • Securities Trade Support
  • Collateral Management
  • Asset Servicing & Network Management
  • Settlements / Tri party

KEY RESPONSIBILITIES


Establishment and maintenance of the 1st line control framework (Level 1 controls and key controls) which are required to mitigate against operational failure within the product channel.


  • Determination of level 1 controls
  • Mapping of level 1 controls to key controls
  • Determination of business risks and mapping of key controls required to mitigate those risks
  • Assessment of control (design and operating) effectiveness and remediation of controls that are 'ineffective
  • Appropriate calibration, measurement and reporting of control status
  • Periodic (mostly daily) execution of controls
Supporting the product channel to demonstrate / evidence that it is "


_in control_" through:

  • Preparing the RAF (Risk Assessment Framework) for the Product Channel and discussing / agreeing content with the department head
  • Attesting to key controls on a periodic basis
  • Establishment, measurement, monitoring and reporting of key risk and performance indicators for the product channel (e.g. ORMI)
  • Mainten
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